08/12/2026 | Press release | Distributed by Public on 08/12/2026 10:42
| ITEM 2.01 | COMPLETION OF ACQUISITION OR DISPOSITION OF ASSETS |
Disposition of Ballast Units
Prior to 2026, Bluerock Homes Trust, Inc., a Maryland corporation (the "Company") entered into a joint venture with an unaffiliated third party to acquire single-family residential units located in Arizona, Colorado, and Washington, collectively known as the Ballast portfolio. The Company holds a 95% interest in the joint venture.
During the period of January 1, 2026 through June 2, 2026, the Company completed the disposition of its interest in an aggregate of 24 single-family residential units within the Ballast portfolio, as previously reported in the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission on June 8, 2026. Subsequently, during the period of June 3, 2026 through August 11, 2026, the Company completed the disposition of its interest in an additional 21 single-family residential units within the Ballast portfolio. The dispositions of the additional 21 units were made to unaffiliated third parties pursuant to the terms and conditions of multiple separate purchase and sale agreements. The aggregate sales price for the additional 21 units was approximately $7.1 million, subject to certain closing costs, prorations and adjustments typical in such real estate transactions, with aggregate net proceeds to the Company of approximately $6.4 million.